Bitcoin continues to fall amid the growth of digital assets backed by gold

Amid rising gold prices ahead of the next meeting of the US Federal Reserve, cryptocurrencies backed by physical gold showed significant growth. In particular, Tether Gold (XAUT) and PAX Gold (PAXG) rose by more than 3% per day, reaching new peaks of the year at $ 3,373 and $ 3,378 per unit, respectively. Both assets have already added more than 28% since the beginning of 2025, making them one of the most profitable crypto instruments of the year.

The market activity was driven by a growing cautious mood among investors awaiting the Fed’s interest rate decision. According to the CME FedWatch tool, 97% of traders believe that the rate will remain unchanged. At the same time, uncertainty about the trade policy of the Donald Trump administration and the lack of a breakthrough in the US-China talks continue to weigh on stock and cryptocurrency markets.

Against this backdrop, bitcoin BTC $94,427.50 Bitcoin 0.16% Market capitalization $1.88 trillion VOL. 24 hours $1.28 billion remained almost unchanged, with a daily increase of only 0.15%, and the total annual increase is currently no more than 1.24%. Thus, unlike gold-backed assets, the flagship cryptocurrency shows weak dynamics in the face of economic uncertainty.

This situation underscores the growing interest of investors in stablecoins pegged to hard assets, such as precious metals, as a means of capital protection in times of financial turbulence.